It took Stocktwits a little longer to get to a series B round than most.
But we did it with style. Yesterday the company announced a $30 million raise from Alameda Research (the investing vehicle for Sam Bankman-Fried of FTX fame) and Times Bridge of India who also invested in Uber and AirBnB and helped bring them into India.
Rishi Khana, the Stocktwits CEO has done an incredible job growing the platform and the business. I like this picture of him in Bloomberg yesterday:
I am having a blast working with Rishi (on a non day to role at Stocktwits).
Way back in 2007, we pioneered organizing conversations around the “cashtag,” a combination of a dollar sign and a ticker symbol; new features will enable users to integrate Stocktwits accounts with brokerage accounts. Already over $1 billion has been connected in the beta tests.
I won’t share all the products, features and partnerships coming but they are all rolling out soon.
Shiv Sharma is leading the Stocktwits team in India. Previously he was at Cisco and Amazon and he just loves investing.
I met FTX when Sina Nader, the companies head of growth and business development reached out to me about some strategies for IPO shares. Sina had previously worked on the Robinhood crypto team.
We got to talking strategy for how I saw the lay of the land for trading, investing and community and I will just say we agree on a lot of things. At the end of our emails and conversations he calls me a ‘freaking genius’ which always makes me laugh. I am also a personal investor in an FTX later stage round.
I am really excited for the future of Stocktwits with our new capital and partners. It is fun working with these great people and forward thinking companies.